The Boston Beer Company, Inc. (NYSE:SAM) Receives $293.40 Average Price Target from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $292.40.

SAM has been the topic of a number of analyst reports. Needham & Company LLC initiated coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating on the stock. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Citigroup upgraded shares of Boston Beer from a “neutral” rating to a “buy” rating and lifted their target price for the company from $265.00 to $280.00 in a research note on Thursday. Morgan Stanley lowered their target price on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Roth Mkm reiterated a “buy” rating and issued a $349.00 price target (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th.

Boston Beer Stock Performance

SAM opened at $227.66 on Wednesday. Boston Beer has a fifty-two week low of $215.10 and a fifty-two week high of $339.77. The firm’s fifty day moving average is $239.53 and its 200 day moving average is $275.64. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Institutional Trading of Boston Beer

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Boston Beer by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the company’s stock valued at $153,000 after purchasing an additional 48 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock valued at $52,000 after purchasing an additional 51 shares during the last quarter. Cetera Investment Advisers grew its holdings in Boston Beer by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company’s stock valued at $381,000 after purchasing an additional 56 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Boston Beer by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock valued at $789,000 after purchasing an additional 65 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.